The jackpot for the Powerball draw on Sat Jul 12, 2025, is projected to be $234 Million, with an option for a cash payout of $106.6 Million. Should you be the lucky winner of the Powerball jackpot, anticipate the IRS to initially withhold 24% of your winnings for taxes, and be prepared that you might need to pay up to an additional 13% in federal taxes at tax time. For North Dakota residents, the state will deduct 2.9% from your lottery earnings.
| North Dakota Powerball Jackpot/Cash Option for Sat Jul 12, 2025 |
|---|
| Draw Date | Sat Jul 12, 2025 | | Projected Jackpot | $234,000,000 | | Cash Value | $106,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $106,600,000 | | Federal Tax(24%) | $25,584,000 | | Additional Federal Tax | $13,818,330 | | State Tax(2.9%) | $3,091,400 | | Net Lumpsum Payment | $64,106,270 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,521,934 |
$1,263,446
$102,136 |
$2,156,352 |
| 2 |
$3,698,136 |
$1,328,641
$107,246 |
$2,262,249 |
| 3 |
$3,882,996 |
$1,397,039
$112,607 |
$2,373,350 |
| 4 |
$4,077,216 |
$1,468,900
$118,239 |
$2,490,077 |
| 5 |
$4,281,030 |
$1,544,311
$124,150 |
$2,612,569 |
| 6 |
$4,495,140 |
$1,623,532
$130,359 |
$2,741,249 |
| 7 |
$4,719,780 |
$1,706,649
$136,874 |
$2,876,257 |
| 8 |
$4,955,886 |
$1,794,008
$143,721 |
$3,018,157 |
| 9 |
$5,203,692 |
$1,885,696
$150,907 |
$3,167,089 |
| 10 |
$5,463,900 |
$1,981,973
$158,453 |
$3,323,474 |
| 11 |
$5,736,978 |
$2,083,012
$166,372 |
$3,487,594 |
| 12 |
$6,023,862 |
$2,189,159
$174,692 |
$3,660,011 |
| 13 |
$6,325,020 |
$2,300,588
$183,426 |
$3,841,006 |
| 14 |
$6,641,388 |
$2,417,644
$192,600 |
$4,031,144 |
| 15 |
$6,973,434 |
$2,540,501
$202,230 |
$4,230,703 |
| 16 |
$7,322,094 |
$2,669,505
$212,341 |
$4,440,248 |
| 17 |
$7,688,070 |
$2,804,916
$222,954 |
$4,660,200 |
| 18 |
$8,072,532 |
$2,947,167
$234,103 |
$4,891,262 |
| 19 |
$8,476,182 |
$3,096,518
$245,809 |
$5,133,855 |
| 20 |
$8,899,956 |
$3,253,314
$258,099 |
$5,388,543 |
| 21 |
$9,345,024 |
$3,417,989
$271,006 |
$5,656,029 |
| 22 |
$9,812,322 |
$3,590,890
$284,557 |
$5,936,875 |
| 23 |
$10,302,786 |
$3,772,361
$298,781 |
$6,231,644 |
| 24 |
$10,818,054 |
$3,963,010
$313,724 |
$6,541,320 |
| 25 |
$11,358,828 |
$4,163,097
$329,406 |
$6,866,325 |
| 26 |
$11,926,980 |
$4,373,313
$345,882 |
$7,207,785 |
| 27 |
$12,523,212 |
$4,593,919
$363,173 |
$7,566,120 |
| 28 |
$13,149,396 |
$4,825,607
$381,332 |
$7,942,457 |
| 29 |
$13,806,936 |
$5,068,897
$400,401 |
$8,337,638 |
| 30 |
$14,497,236 |
$5,324,308
$420,420 |
$8,752,508 |
|
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